New govt`s policy to determine credit ratings: S&P

The direction and pace of policy reforms of the new government to be formed in May after the completion of ongoing general elections will determine credit rating of India, global rating agency Standard & Poor`s (S&P) said on Tuesday.

S&P rating: BJP says wake-up call, Cong says not gospel truth

The BJP on Tuesday rued that the UPA government is still in denial mode about the economic crisis.

S&P rates Pakistan as B negative

Credit rating agency Standard &
Poor’s has rated Pakistan as B negative, citing the country`s low-income economy, high public and external debt.

S&P backtracks on Google downgrade

A week after downgrading Google Inc.`s stock, S&P`s has reversed course and has upgraded it.

Economy to be back at 9pc growth rate by 2011: S&P

The economy would get back to nine per cent growth rate by 2011, says an article by the global rating agency Standard & Poor`s, an estimate higher than other agencies

Warid buyout to lower Bharti`s liquidity, increase risk: S&P

Bharti Airtel`s proposed acquisition of 70 per cent stake in Warid Telecom International`s Bangladesh operations may marginally lower the Indian company`s liquidity and increase its business risk.

US stocks up slightly on commodity gains

US stocks climbed slightly on Wednesday, led by commodities producers, but the technology sector slumped.

US stocks edge higher in slow trading

US markets posted minor gains Wednesday in a light trading session ahead of New Year`s Eve.

S&P assigns ‘stable’ outlook to IOC, affirms `BB+` rating

Standard & Poor`s on Tuesday revised its outlook for Indian Oil Corp (IOC) to stable from negative on expectations that the government will continue to compensate the company for selling fuel below market rates.

S&P withdraws rating of Indian Oil on request

The global rating agency, Standard & Poor`s, on Tuesday said it has withdrawn rating assigned to oil marketing major Indian Oil Corporation on the company`s request.

Standard & Poor`s lowers Spain outlook to negative

Rating agency Standard & Poor`s said Wednesday it had cut its outlook on Spain`s government finances to negative because of lagging growth and a lack of aggressive efforts to control budget deficits.

US stocks dip on recovery concerns

US stocks dipped as investors mulled a mixed batch of economic data that cast a cloud over hopes for an improved recovery from recession and braced for a key jobs report.

Dow hits 2009 closing high on earnings optimism

US stocks climbed on Friday, with the Dow hitting a closing high for 2009, as investors anticipated positive news from next week`s key earnings reports and bullish broker comments boosted tech shares.

India growth to sustain despite global downturn: S&P

India`s economy is expected to report positive growth in 2009 and 2010 mainly because of domestic demand despite the global downturn and financial turmoil, rating agency Standard & Poor`s said on Thursday.